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Sald lien shall tnure to ths benefit of Operating Caapan
ot assigns, and shall be binding upon Owner,~thst~ beirs
. asstgns. Sa~d iten shall bs enforceable by an action in
Vlt
. That Owner shall pay such tattiai and annual memb
oompensation and all othe~ costs and charges aa are nece
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t~anain a manbe~ in good standing of said water company.
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. That Ow~er shall~ during the tern~ of tfiis Agreaae
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ston or ~"anewal thereo~, pay all real and personal prope
~ me~ts levied upon or coestTtutTng a lien upon the land c
~ taxing or assessing,authority. .
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That time is of the essance~of this~Agraemsnt. '
the payiaents he~ei n requl rod to be wade are not made wl ~
days from the date upon which they fall due. than a pen+
• charged against and paid by Owner In the amount of 10',1',~
' payiaent; and, in additton, delinquent payments shall be+
~ rate of .833~ per ~th. tn the event that Owner shall
; any payment or in perfonaance of any act requit~ed herei
t ni~ety (90j days or more, then Operating Company awy, i
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E make the payanent or perform the an[tted act and charge
F i . to Owner, or terminate this Ag~eement; provided, howev
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~ mination of this Agreement for failure of Owner to oiake
. , perform the act required ahali not relieve Owner ft"a~ a
~ ~ accrued and shall not Jn any way affect or dimt~ish the
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~ ~ . provided in favoc of Operating Campany.
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4 ~ p IN M17NESS MHEREOf, the parties heroto havs set
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w~ 1x1~. day and year f i rst abara wri tten.
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x' s - N ln°~ presenca of: ~ Y P. S. Twombl y Ex~e~
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